Sensex, Nifty close higher; Lupin soars 8%, Tata Steel down 5%

Sensex, Nifty close higher; Lupin soars 8%, Tata Steel down 5%

Thursday, July 07, 2016
Epic Update LupinEpic Update Lupin

After a consolidation, equity benchmarks closed marginally higher.

The Sensex was up 34.62 points at 27201.49 and the Nifty gained 7 points at 8342.95. The market breadth remained positive as about 1556 shares advanced against 1203 declining shares on BSE.

Lupin surged 8 percent in late trade after the company received establishment inspection report from the USFDA for Goa facility.

HDFC, HDFC Bank, ITC, HUL, Dr Reddy’s Labs and Cipla gained 1-3 percent while TCS, Infosys, Tata Steel, L&T, Adani Ports, ONGC and SBI fell 1-5 percent.
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